Arsenal have been vindicated for their financial dealings with Belgian side Beveren, by The Football Association.

The Gunners were made the subject of an inquiry after revelations that they made an anonymous £1 million payment to the feeder club.

The world's governing body Fifa then handed responsibility for investigations to the domestic FAs of both teams, and the regulators of the English game have found no evidence of a breach of the Premiership's rules.

"As a result of those inquiries, we can confirm that we have not identified any evidence to suggest Arsenal have breached any rules of The FA or The FA Premier League in relation to their dealings with Beveren and specifically any breaches of the FA and FAPL rules concerning dual interests or associations between clubs," an FA statement read.

Ivory Coast defender Emmanuel Eboue is the highest profile current Arsenal player to have had a successful spell in Belgium and the North Londoners have always denied any accusations of wrongdoing.

They insist the relationship is purely football-based and that they loaned the money to Beveren on a short-term basis.

"In order to protect the integrity of matches and competitions, these rules prohibit clubs in the same competition from being owned, influenced or controlled by the same person or entity," the FA statement continued.

"In this case, the relevant competitions are the FA Cup and the FA Premier League. The rules also prevent a Premier League club from owning or controlling another Premier League or Football League club.

"The FA has provided all the material obtained during its inquiry to Fifa for its consideration."
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